Register
Login:
Share:
Email Facebook Twitter

CHAR Share Chat - RSS Feed

Chariot Oil Share Chat (CHAR)



Share Price: 16.00Bid: 16.00Ask: 16.25Change: -0.25 (-1.54%)Faller - Chariot Oil
Spread: 0.25Spread as %: 1.56%Open: 16.00High: 16.50Low: 16.00Yesterday’s Close: 16.25


Share Discussion for Chariot Oil (CHAR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


poll
Posts: 621
Observation
Opinion:No Opinion
Price:19.50
Galp Morocco
5 Jul '14
http://www.tangierspetroleum.com.au/media-releases/high-hopes-for-galps-tao-1/

A positive result here and things could look really good for Chariot in morocco. Great farm out deal again by management announced yesterday and very happy holding for an exciting year or two hopefully.
 
mcfcnige
Posts: 2,830
Question
Opinion:No Opinion
Price:19.50
View Thread (3)
RE: Drilling potential
5 Jul '14
Good post Pedram..

Sounds like a busy few months..

Where do you find this Factsheet, i cannot find it on the Chariot site ?
Pedram
Posts: 658
Off Topic
Opinion:No Opinion
Price:19.50
View Thread (3)
Drilling potential
5 Jul '14
Good afternoon all,

As we can all agree, yesterday's news was unexpected and reassuring in a sense that we now know CHAR are very capable of farming out despite hostile market conditions.

Having read the FS, it is mentioned that both Namibia and Mauritania are “Drill ready” in 2014. They then go on to mention that the central Namibian blocks are drill-ready and that "partnering process initiated with the aim of drilling with a partner in 2H 2014, subject to successful farm-out and rig availability".

With regards to Mauritania, they mention that "Resource update in 2H 2014 post interpretation. Partnering process will be initiated for drilling as soon as possible thereafter with anticipated drilling to commence 1H 2015 should this be successful".

My bet is for the next few imminent RNSs to be as follows, in no particular order:
- Mauritania CPR update
- Tier 2 Namibia farm out w/ drill date announced
- Block 2714A renewal (?)
- Tier 2 Mauritania farm out w/ drill date announced
- Brazil Tier 1 farm out

The first 4 are potential catalysts which may trigger a re-rating. 2014 will be a good year for CHAR.

GLA
mcfcnige
Posts: 2,830
Observation
Opinion:No Opinion
Price:19.50
View Thread (2)
RE: it's
4 Jul '14
This bit sounds interesting..

" The Rabat Deep Offshore licence area is located 50km offshore in water depths ranging from 150m to 3,500m. On reprocessed and interpreted 2D seismic the Company has identified a large, 149km2 four-way dip faulted Jurassic carbonate structure, JP-1, with a gross mean prospective resource potential of 618mmbbls.

The prospect sits adjacent to source rock modelled to be oil generating and is supported by extensive on-block oil slicks, seeps and seismic Direct Hydrocarbon Indicators

Sounds very TRP LOL..
FQ320MR
Posts: 1,248
Off Topic
Opinion:No Opinion
Price:19.50
View Thread (2)
it's
4 Jul '14
Amazing this news 18 months ago on a Friday would have blitzed this SP just shows how skewed this market is.

Larry has assembled a top class group of Geo's who now are getting second opinion thumbs up, this latest is even more substantial as they do want to take any find to production and listening to larry at the AGM this fits nicely with our strategy of find and pass on profit to the stock holders

MR
mcfcnige
Posts: 2,830
Observation
Opinion:No Opinion
Price:19.75
iii
4 Jul '14
Great post by Jimmy on iii

Great news from Larry, and NO leaks before the news.
Firstly this is another endorsement of the strategy. At a minimum it's worth the back costs of circa $13 million but most likely worth the 25% cost of a well carry at $25 million so worth £0.22 per share as an additional value.
The principal target is reported to contain 618 million bbls net to chariot of 154.5 million bbls which if discovered Jeffries said is typically worth an npv of $13 per bbl at a $100 oil price, or worth approx £5.90 per share excluding the value of any nearby prospects that would be derisked by such a discovery.

Incredible opportunity for those who can be patient

Is there any company on AIM who can offer such upside from present sp..

Dont forget this is just Morocco, its mindblowing what the rest of the portfolio is worth.
mcfcnige
Posts: 2,830
Off Topic
Opinion:No Opinion
Price:19.75
View Thread (4)
RE: Q3 factsheet
4 Jul '14
TTF

Good to see you around again :-)

I always look for SLs tweets, she knows her stuff and is really nice.
ENTANGLED
Posts: 325
Observation
Opinion:Strong Buy
Price:19.75
TTF
4 Jul '14
: - )
haddy68
Posts: 594
Observation
Opinion:No Opinion
Price:19.75
bought in
4 Jul '14
This morning expecting a decent rise, dropped back now, will have to wait on more news from what the regulars say here
Blackfisk21
Posts: 635
Off Topic
Opinion:No Opinion
Price:19.50
View Thread (4)
RE: Q3 factsheet
4 Jul '14
:-D

TTF If I had to guess, I would say that there was the outlines of a deal to drill more than one well in Namibia and maybe that has been scaled back to one drill. That's based purely on reading between the lines of Pancontinental's presentations which had Chariot drilling two wells beginning around about now but the latest PCL presentation suggests that an unnamed explorer will probably begin drilling a well at the end of this year. I reckon that's Chariot.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.